Busy couple of weeks on results front
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Hi all, the Palo Alto split has been fixed and the dashboard up to date
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Ah. Interesting, thanks PM3. My portfolio is now showing a slightly higher number than it was 30 minutes ago. Still down quite sharply on last week though. You're right about the big falls on the US markets; the numbers were firmly down at the COP yesterday.
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The snapshot is at the close of UK and US markets with FX at 11.30pm GMT. The nasdaq fell 3.5% and the fx(USD) gain 1% yesterday,around the thought that rates might fall more slowly, something which was more likely than not. Inflation is still sticky in areas, particularly housing. The Fed has done a good job of engineering a soft landing and the economy is now in Trump hands. It's been doing fine to date and the businesses we hold are thriving, so there is nothing much to see here.
Regards
Adam
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It's the end of another busy and volatile week. Just to give you an idea, earlier in the session we were down 100bps in the tech space and now +190bps. A significant swing which only reinforces the buy and hold strategy. What has changed since yesterday-nothing objective.
Have a good weekend all and to those who are starting their holiday period early we all here at Cobens Direct wish you 'happy holidays'.
Regards
Adam
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Bravo Adam. Hopefully those numbers will be up tomorrow on the back of that. (And a question I need to ask 'coz I iz well fick: a bps is a tenth of a percentage point, non? Hence 190bps=19%?)
Are you chaps knocking off for Christmas this evening? If so then have a good one.
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1 bps is a hundredth of a percentage point, so 190bps would be 1.9%
What are Basis Points
I've seen quite a drop this week, hopefully that's been somewhat reversed today. I actually surpassed my year end target on 7th December, which is very good, as I've not been making as many contributions as I should, as the cash has been needed elsewhere, but this week dropped back under that target.
Thanks Adam, hope you all have a great Christmas and New Year too.
PS. I'm still at work until Tuesday lunchtime.
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1 bps is a hundredth of a percentage point, so 190bps would be 1.9%
What are Basis Points
I've seen quite a drop this week, hopefully that's been somewhat reversed today. I actually surpassed my year end target on 7th December, which is very good, as I've not been making as many contributions as I should, as the cash has been needed elsewhere, but this week dropped back under that target.
Thanks Adam, hope you all have a great Christmas and New Year too.
PS. I'm still at work until Tuesday lunchtime.
@Ronski said in Busy couple of weeks on results front:
1 bps is a hundredth of a percentage point, so 190bps would be 1.9%
What are Basis Points
Thanks, that's helpful.
Steve H - those are my thoughts exactly, but I'm not too fussed as my suspicion is that we're in a short-term updating mess with the US markets being severely disrupted yesterday. But I could be (and probably am) wrong.
I think that the IM boys have broken up for Christmas so don't expect to hear anything from them here until January. Given the huge amount of time they kindly spend keeping us updated then I hope they get a decent break. I'm kind of hoping that we don't hear from them for a while as they will need a break from both the markets and from us.
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I'm hopeful that they haven't broken up for the holidays, gave a drawdown instruction on 11th December and some of the transactions have taken place, some cash is floating about in the ether but bugger all has arrived at my end yet, my dashboard is a mess and I'm not really sure what the situation stands at
Hoping it all will be resolved Tuesday latest. Sure things didn't take as long last time I withdrew.
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Fund updates this morning seem low given what seemed like a good Friday on the markets?
@Adam-Kay are they still being updated or was I being over hopeful?
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I just checked for friday, my Vanguard ( largely global and SP500 ) went up about 0.38 and Cobens ( PHT ) ~0.34 so looks consistent. The individual items performance on spot prices at end suggested a better bump like you indicate ..... must all be down to the reporting of the funds timings .
Thats It , I promise myself not to look until next Friday close as an end of year wrap up. Best wishes and a Merry Christmas to everyone
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The stocks ended up 0.90 offset by 0.6 fx
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Hi Steve,
The currency was against us last quarter and in our favour over recent weeks. Not on Friday. With the Fed tempering expectations it’s a natural expectation.
Regards
Adam
